Internal Control & Audit Lead at Pandagric Novum Limited

Pandagric Novum Limited

Job Title: Internal Control & Audit Lead

Reference Number: Panda/FIN/2022/00001
Location: Panda, Nasarawa
Employment Type: Full-time
Reports to: CEO, Board of Directors (BOD)
Supervises (Direct/ Indirect): All audit and monitoring personnel

Job Objectives

  • To carry out an independent appraisal of the effectiveness of the policies, processes and standards by which the PNL’s Bfinancial, physical and information resources are managed and utilized
  • To ensure strict adherence to internal policies and procedures, controls, regulations and maintenance of quality service delivery within PNL

Roles and Responsibilities

  • Design, implement and continuously review internal control and audit procedures to cover all functional areas/unit relationship and/or transactions/staff audit etc within PNL
  • Continually communicate key controls, policies, approval limits within PNL;
  • Document evidence arising from audit and provide internal audit recommendations to the BOD, CEO; CFO and COO and for review and approval;
  • Conduct thorough and objective examination of financial and non-financial transactions and records;
  • Prepare and present periodic audit reports identifying weaknesses and suggesting new procedures, controls and policies to the BOD and top management
  • Work with the CFO during audit exercises to meet the requirements of external auditors and to resolve any issues identified
  • Develop risk management strategies to mitigate identified risks for PNL;
  • Ensure implementation of risk management policies across PNL;
  • Monitor quality of internal and external procurement processes for PNL;
  • Conduct periodic market surveys to ascertain the competitiveness of vendors’ prices and make recommendations where necessary
  • Ensure process compliance, financial revenue assurance and supply chain compliance
  • Conduct orientation of relevant parties on new processes, policies and controls across PNL.
  • Any other duties as assigned by the CEO and the Board of Directors

Key Performance Indicators

  • Bi-annual review of Internal Control Process to ensure conformity with industry and market trends and standards
  • Reduce losses due to policy and control violations – below 10%
  • Eradication of diesel pilferage/wastage and energy consumption
  • Eradication pilferages in farms and warehouses
  • Reduction of raw material wastage
  • 100% company-wide adherence to SOPs and processes
  • Accuracy and timeliness of monthly audit reports
  • 100% reduction of frauds/fraudulent practices
  • Ensuring 100% employee adherence to internal controls and policies

Qualifications and Experience

  • Bachelor’s Degree in any Management Science / Social Science related discipline preferably in Accounting
  • Minimum of five (5) years post-graduation experience with a minimum of three (3) years in a similar position in a same industry
  • Professional qualification e.g. ICAN, ACA, ACCA, CISA is an added advantage.
  • Preferably, professional experience should be with a reputable audit firm

Working Knowledge, Skills, Competencies and Attributes:

  • Risk Management
  • Audit
  • Financial management
  • Policies and processes development and follow-up for implementation
  • Time management
  • Effective communication
  • Problem-solving skills
  • Advisory skills.

Application Closing Date
2nd October, 2022.

Method of Application
Interested and qualified candidates should send their CV and Cover Letter as a single document, addressing the position requirements and Reference Number to: [email protected] using the Job Title and Reference Number as the subject of the email.

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